News

Shell saves $600m on gas deal with Repsol

Royal Dutch Shell has saved $600m (£362m) on a deal to buy rival Repsol’s liquefied natural gas assets in Trinidad, Peru and Spain. The supermajor had agreed to buy the portfolio for $4.4bn last February, but will now only be spending $3.8bn on Repsol’s LNG work outside of North America.

Stephen Foley: Pearls of wisdom on healthcare would be welcome from the Sage of Omaha

US Outlook It is always a treat and an education to be in the presence of Warren Buffett. The tens of thousands who make the annual pilgrimage to the Oracle of Omaha invariably come away with a few new pearls of investment wisdom, and a witty one-liner or two, as well.

Investment guru Warren Buffett

Warren Buffett reveals he has cancer – but insists he'll win the fight

The billionaire Warren Buffett sought to reassure his followers of his health last night, after disclosing that he will undergo treatment for early-stage prostate cancer.

Another Tesco boss buys shares after dive

Another director of Tesco has picked up shares just days after a profits warning knocked their price down by nearly 20 per cent.

Warren Buffett increases his Tesco shareholding

Warren Buffett, known as the Sage of Omaha for his investment prowess, spent almost £400m on shares in Tesco within hours of the profit warning that battered its share price last week.

Warren Buffett increases his stake in Tesco (unlike its UK chief)

Warren Buffett, known as the Sage of Omaha for his investment prowess, spent almost £ 400m on Tesco shares within hours of the profit warning that battered its share price last week.

Outlook: Government should raise a glass to this man

Tim Martin has been predicting the demise of the euro, sometimes with a reference to the pharaoh Tutankhamun (they are equally dead), since the day it was invented. Can't work, he kept saying. Won't work. Shouldn't work. The JD Wetherspoon chairman is now closer to being proved right, which might be cause for a celebratory pint down the local. His own business continues to do remarkably well. Yesterday he reported rising sales over Christmas, but took little credit. They're only up because we're comparing the sales with a period of bad weather a year ago, he said.

Mark Leftly: Apple will grow to cover the Jobs-sized hole

Only the departure of a particular man from a particular role at a particular company could have stolen the business headlines from stock market chaos, a surging gold price and the eurozone crisis.

Stephen Foley: Mr Buffett's bathtime would have been long

US Outlook: For a man who says his company doesn't need to raise cash, Bank of America's Brian Moynihan has sure raised a lot of cash this week.

Market Report: Rumours of US bid interest keeps 3i ahead

As the blue-chip index finished in the red for the first time this week, 3i managed to keep its head above water yesterday thanks to mutterings the private equity investor could attract bid interest from across the Atlantic.

Sean O'Grady: Buffett and the French are on their own

In France and America the super-rich – including Liliane Bettencourt (Europe's wealthiest woman and the L'Oreal heiress) and Warren Buffett, (the US investor who pays just $7m on his fortune of around $50bn) – are clamouring to pay more tax. Yet in Britain, the Chancellor is thinking aloud about cutting the top rate of tax. What is going on?

Business Diary: Laffer takes Buffett to task

Warren Buffett's complaint that he (and lots of other wealthy individuals) don't pay enough tax has prompted some withering attacks from those who do not share his views.

Berkshire in $3.2bn bid for reinsurer

Berkshire hathaway has waded into the takeover battle for Transatlantic Holdings, tabling a $3.2bn bid for the reinsurer.

Duke of Uke: Why is one of London's quaintest ukulele shops facing closure?

I'm not sure if Richard Curtis himself could improve upon the styling of Duke of Uke, the little ukulele shop in Spitalfields. A quaint London street, an old-fashioned store front, a shop piled up with instruments, music stands and a large black and white photograph of George Formby over the counter.

Buffett lunch a snip at £1.4m

An anonymous bidder has won a private lunch with billionaire investor Warren Buffett in an ebay auction - to the tune of $2.3m (£1.4m).

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'A subversive brothel keeper and Communist'

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BBC heads to the Californian coast

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